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SUPER GROUP LIMITED - Trading Statement

Release Date: 27/07/2023 15:14
Wrap Text
Trading Statement

Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
Debt Company Code: BISGL
(“Super Group” or “the Group”)


TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited (“JSE”), companies are required to publish a
trading statement as soon as they become reasonably certain that the financial results for the period to
be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review by management of the year end financial results for the twelve months ended 30
June 2023 has indicated that:

                                Projected range          Actual     Percentage range
                                   30 June 2023    30 June 2022

Earnings per share        454.2 cents per share     378.5 cents           20% to 27%
(“EPS”)                      to 480.7 cents per
                                          share
Headline earnings per     456.8 cents per share     380.7 cents           20% to 27%
share (“HEPS”)               to 483.5 cents per
                                          share


The impressive financial performance of the Group has been sustained in line with that reported for the
six months ended 31 December 2022. Capitalising on its diversity, scale and technology to deliver
innovative solutions to clients across multiple industries and markets, Super Group delivered a strong
performance despite a volatile macro-economic environment. This growth was achieved against a prior
year EPS and HEPS that included one-off post taxation business interruption insurance and other
contributions of R139.6 million. This equates to 38.8 cents per share in the previous year.

Against a backdrop of intensified consumer cost pressures and protracted supply chain disruptions, the
business continued to leverage the opportunities inherent in challenging and changing markets.
Underpinned by technology, Super Group’s competitiveness was evidenced in significant new client
wins, contract renewals and market share gains.

Rigorous cost management helped mitigate escalating inflation rates, diesel price increases and Rand
volatility. A focus on effective cash generation and management of working capital saw the Group
remain highly cash generative, providing the required flexibility and agility to respond to market changes
and seize growth opportunities. We continued to investigate value accretive acquisitions as part of our
growth strategy, with our current balance sheet providing significant financial capacity to make
acquisitions that complement existing business and enhance our competitive advantage.

Annual financial results

The Group’s annual results for the twelve months to 30 June 2023 will be published on
www.supergroup.co.za at 07:05 CAT on Tuesday, 29 August 2023, with the investor presentation
hosted virtually at 11:00 CAT on that day. Registration information can be requested from
michelle.neilson@supergrp.com
                                                                                                
Shareholders and noteholders are advised that the financial information on which this trading statement
is based (and the other information contained in this announcement) has not been reviewed or reported
on by Super Group’s external auditor.


Sandton                                            Registered office
27 July 2023                                       27 Impala Road, Chislehurston, Sandton, 2196


Equity Sponsor
Investec Bank Limited

Debt Sponsor
Rand Merchant Bank (a division of First Rand Bank Limited)




                                                                                                     

Date: 27-07-2023 03:14:00
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